The prices in real estate in Endicott, in the New York region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Endicott has increased strongly during the last 6 months. In February, the average price per sq.feet was $37. In the following month the price per sq.feet increased considerably to $66. The price for the following two months in (April, May) had a considerable increment of 184 %. The price per sq.feet has had a considerable deflation of 81 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $73.25 to $59.5 during June, and July.
Based upon to the price in Endicott (cities), these have remained the same in the last 6 months. The average price for February is $307,600. During March the price had a considerable reduction till $214,267. During the following two months (April, May) the average price had a considerable increase of 158 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $336,366.75 to $283,000, which means a 84 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $566,000 they are 82 % more affordable than the average price for Endicott. The properties with the lowest average price have 1 bedroom, Their price is 76 % cheaper than the average. After that we have properties with 4 bedrooms priced at $102,502.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $40 / sq.feet, with an average $119 / sq.feet price in Endicott. The properties with the lowest average prices have 1 bedroom. They are 58 % cheaper than the average followed by properties with 4 bedrooms with a price at $40 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $566,000 it is 82 % cheaper than the average price in Endicott. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Commercial" followed by "Condo". At a price of $119,321 it is 78 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $23 / sq.feet followed by "Commercial" priced at $35 / sq.feet. "Condo" is the cheapest type of property with a $41 / sq.feet value followed by "Apartment" with an average price of $40 / sq.feet.